Months With Employer Health Insurance Form 8962

Forms you need to file under the affordable care act everyone needs to have insurance.

Months with employer health insurance form 8962. I know there s a question on the tax form that asks if you ve had insurance coverage for x number of months of the year i just can t remember how many it is. If you didn t buy health insurance through healthcare gov or a state based insurance exchange you will not get the 1095 a form and do not need this form for tax preparation purposes. Form 8962 premium tax credit if you had marketplace insurance and used premium tax credits to lower your monthly payment you must file this health insurance tax form with your federal income tax return. Information about form 8962 premium tax credit including recent updates related forms and instructions on how to file.

This includes a qualified plan purchased on healthcare gov. How do i fill out form 8962. Description complete form 8962 only for health insurance coverage in a qualified health plan purchased through a health insurance marketplace also know as an exchange. You may take ptc and aptc may be paid only for health insurance coverage in a qualified health plan defined later purchased through a health insurance marketplace marketplace also known as an exchange.

You will need to share the policy. If you were enrolled in health insurance during 2015 you will receive one or more copies of a 1095 a b or c. What you need to know about form 8962. You will get a similar form 1095 b or 1095 c if you had employer sponsored health coverage in 2019.

Below we do a walkthrough of filling out the ptc form and we simplify the terms found within. Get the form from them to enter onto your return. I am not eligible for health insurance again until october through my new employer. Form 8962 premium tax credit ptc is the form you will need to report your household modified agi magi your federal poverty level amount your family s health insurance premium exemptions and the cost assistance you received.

Form 8962 is used either 1 to reconcile a premium tax credit advanced payment toward the cost of a health insurance premium or 2 to claim a premium tax credit. My parents paid my aca health insurance for 6 months until i had employer paid health insurance but did not claim me as a dependent. I had health insurance coverage through my employer through august 15. When you file your taxes you prove that you had insurance by submitting a form.